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Side-by-side financial comparison of Elastic N.V. (ESTC) and FactSet (FDS). Click either name above to swap in a different company.
FactSet is the larger business by last-quarter revenue ($607.6M vs $423.5M, roughly 1.4× Elastic N.V.). FactSet runs the higher net margin — 25.1% vs -12.1%, a 37.2% gap on every dollar of revenue. On growth, Elastic N.V. posted the faster year-over-year revenue change (15.9% vs 6.9%). FactSet produced more free cash flow last quarter ($90.4M vs $26.0M). Over the past eight quarters, Elastic N.V.'s revenue compounded faster (13.6% CAGR vs 5.5%).
Elastic is a Dutch-American software company that provides a platform for enterprise search, observability, and cybersecurity. Its product enables users to search and analyze large-scale data, monitor system performance, and detect anomalies. Originally known as Elasticsearch, the company was founded in 2012 in Amsterdam, Netherlands, and has maintained its operational headquarters in both the Netherlands and San Francisco, California, US. Elastic is publicly traded on the New York Stock Exch...
FactSet Research Systems Inc., trading as FactSet, is an American financial data and software company headquartered in Norwalk, Connecticut, United States. The company provides integrated data and software. For fiscal year 2024, FactSet's total ASV and professional services revenues were $2.2 billion. FactSet's total market value is approximately $17 billion.
ESTC vs FDS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $423.5M | $607.6M |
| Net Profit | $-51.3M | $152.6M |
| Gross Margin | 75.9% | 52.6% |
| Operating Margin | -1.9% | 31.6% |
| Net Margin | -12.1% | 25.1% |
| Revenue YoY | 15.9% | 6.9% |
| Net Profit YoY | -101.5% | 1.7% |
| EPS (diluted) | $-0.48 | $4.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $423.5M | $607.6M | ||
| Q3 25 | $415.3M | $596.9M | ||
| Q2 25 | $388.4M | $585.5M | ||
| Q1 25 | $382.1M | $570.7M | ||
| Q4 24 | $365.4M | $568.7M | ||
| Q3 24 | $347.4M | $562.2M | ||
| Q2 24 | $335.0M | $552.7M | ||
| Q1 24 | $328.0M | $545.9M |
| Q4 25 | $-51.3M | $152.6M | ||
| Q3 25 | $-24.6M | $153.6M | ||
| Q2 25 | $-16.4M | $148.5M | ||
| Q1 25 | $-17.1M | $144.9M | ||
| Q4 24 | $-25.4M | $150.0M | ||
| Q3 24 | $-49.2M | $89.5M | ||
| Q2 24 | $-41.1M | $158.1M | ||
| Q1 24 | $176.1M | $140.9M |
| Q4 25 | 75.9% | 52.6% | ||
| Q3 25 | 76.7% | 51.6% | ||
| Q2 25 | 74.8% | 52.1% | ||
| Q1 25 | 74.6% | 52.8% | ||
| Q4 24 | 74.5% | 54.5% | ||
| Q3 24 | 73.6% | 54.1% | ||
| Q2 24 | 73.8% | 55.3% | ||
| Q1 24 | 74.2% | 53.3% |
| Q4 25 | -1.9% | 31.6% | ||
| Q3 25 | -2.3% | 29.7% | ||
| Q2 25 | -3.1% | 33.2% | ||
| Q1 25 | -1.2% | 32.5% | ||
| Q4 24 | -1.2% | 33.6% | ||
| Q3 24 | -9.7% | 22.7% | ||
| Q2 24 | -13.6% | 36.6% | ||
| Q1 24 | -8.1% | 33.3% |
| Q4 25 | -12.1% | 25.1% | ||
| Q3 25 | -5.9% | 25.7% | ||
| Q2 25 | -4.2% | 25.4% | ||
| Q1 25 | -4.5% | 25.4% | ||
| Q4 24 | -7.0% | 26.4% | ||
| Q3 24 | -14.2% | 15.9% | ||
| Q2 24 | -12.3% | 28.6% | ||
| Q1 24 | 53.7% | 25.8% |
| Q4 25 | $-0.48 | $4.06 | ||
| Q3 25 | $-0.23 | $4.03 | ||
| Q2 25 | $-0.15 | $3.87 | ||
| Q1 25 | $-0.16 | $3.76 | ||
| Q4 24 | $-0.25 | $3.89 | ||
| Q3 24 | $-0.48 | $2.33 | ||
| Q2 24 | $-0.35 | $4.09 | ||
| Q1 24 | $1.69 | $3.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $292.7M |
| Total DebtLower is stronger | $570.3M | $1.4B |
| Stockholders' EquityBook value | $891.1M | $2.2B |
| Total Assets | $2.5B | $4.2B |
| Debt / EquityLower = less leverage | 0.64× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $292.7M | ||
| Q3 25 | $1.5B | $355.1M | ||
| Q2 25 | $1.4B | $364.0M | ||
| Q1 25 | $584.0M | $287.0M | ||
| Q4 24 | $658.5M | $358.8M | ||
| Q3 24 | $594.9M | $492.6M | ||
| Q2 24 | $1.1B | $522.0M | ||
| Q1 24 | $526.9M | $450.2M |
| Q4 25 | $570.3M | $1.4B | ||
| Q3 25 | $570.0M | $1.4B | ||
| Q2 25 | $569.7M | $1.4B | ||
| Q1 25 | $569.4M | $1.5B | ||
| Q4 24 | $569.2M | $1.4B | ||
| Q3 24 | $568.9M | $1.4B | ||
| Q2 24 | $568.6M | $1.4B | ||
| Q1 24 | $568.3M | $1.5B |
| Q4 25 | $891.1M | $2.2B | ||
| Q3 25 | $971.4M | $2.2B | ||
| Q2 25 | $927.2M | $2.2B | ||
| Q1 25 | $859.1M | $2.1B | ||
| Q4 24 | $811.5M | $2.0B | ||
| Q3 24 | $759.4M | $1.9B | ||
| Q2 24 | $738.2M | $1.9B | ||
| Q1 24 | $707.8M | $1.8B |
| Q4 25 | $2.5B | $4.2B | ||
| Q3 25 | $2.5B | $4.3B | ||
| Q2 25 | $2.6B | $4.3B | ||
| Q1 25 | $2.3B | $4.2B | ||
| Q4 24 | $2.2B | $4.0B | ||
| Q3 24 | $2.2B | $4.1B | ||
| Q2 24 | $2.2B | $4.0B | ||
| Q1 24 | $2.1B | $4.0B |
| Q4 25 | 0.64× | 0.63× | ||
| Q3 25 | 0.59× | 0.63× | ||
| Q2 25 | 0.61× | 0.66× | ||
| Q1 25 | 0.66× | 0.72× | ||
| Q4 24 | 0.70× | 0.68× | ||
| Q3 24 | 0.75× | 0.71× | ||
| Q2 24 | 0.77× | 0.76× | ||
| Q1 24 | 0.80× | 0.83× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.6M | $121.3M |
| Free Cash FlowOCF − Capex | $26.0M | $90.4M |
| FCF MarginFCF / Revenue | 6.1% | 14.9% |
| Capex IntensityCapex / Revenue | 0.1% | 5.1% |
| Cash ConversionOCF / Net Profit | — | 0.79× |
| TTM Free Cash FlowTrailing 4 quarters | $302.3M | $647.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.6M | $121.3M | ||
| Q3 25 | $104.8M | $212.1M | ||
| Q2 25 | $87.0M | $253.8M | ||
| Q1 25 | $88.1M | $174.0M | ||
| Q4 24 | $38.4M | $86.4M | ||
| Q3 24 | $52.8M | $163.2M | ||
| Q2 24 | $60.9M | $238.2M | ||
| Q1 24 | $52.4M | $143.8M |
| Q4 25 | $26.0M | $90.4M | ||
| Q3 25 | $104.2M | $178.1M | ||
| Q2 25 | $84.9M | $228.6M | ||
| Q1 25 | $87.3M | $150.2M | ||
| Q4 24 | $37.7M | $60.5M | ||
| Q3 24 | $52.0M | $137.2M | ||
| Q2 24 | $60.1M | $216.9M | ||
| Q1 24 | $51.3M | $121.9M |
| Q4 25 | 6.1% | 14.9% | ||
| Q3 25 | 25.1% | 29.8% | ||
| Q2 25 | 21.8% | 39.0% | ||
| Q1 25 | 22.8% | 26.3% | ||
| Q4 24 | 10.3% | 10.6% | ||
| Q3 24 | 15.0% | 24.4% | ||
| Q2 24 | 17.9% | 39.2% | ||
| Q1 24 | 15.6% | 22.3% |
| Q4 25 | 0.1% | 5.1% | ||
| Q3 25 | 0.2% | 5.7% | ||
| Q2 25 | 0.5% | 4.3% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | 0.2% | 4.5% | ||
| Q3 24 | 0.2% | 4.6% | ||
| Q2 24 | 0.3% | 3.9% | ||
| Q1 24 | 0.3% | 4.0% |
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | 0.30× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
